Tempo, a blockchain platform backed by Stripe and venture firm Paradigm, has launched a stablecoin advisory service for businesses. The company is partnering with DoorDash to enable delivery workers to receive payments in stablecoins.
Tempo's new advisory offering helps organizations navigate stablecoin adoption and integration. The service comes as the company works to expand real-world applications for digital currencies beyond trading and speculation.
The DoorDash partnership represents a significant use case: delivery workers will have the option to receive wages in stablecoins, providing an alternative to traditional payment methods. This addresses potential benefits around faster settlement times and reduced fees for gig economy workers.
The move reflects growing interest from established fintech and payments companies in stablecoin infrastructure. Stripe's involvement signals confidence in the technology's utility for payments, while Paradigm's backing emphasizes the venture capital sector's continued focus on crypto financial tools.
Stablecoins—cryptocurrencies pegged to fiat currencies like the U.S. dollar—have faced regulatory scrutiny but continue attracting interest for cross-border payments and reducing transaction costs.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.